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Fifth Nepal International Trade Fair opens today

The fifth edition of the Nepal International Trade Fair which aims to bring national and international traders on a single platform to market products and strengthen business ties is slated to begin on Thursday at Bhrikuti Mandap Exhibition Hall.

The fifth edition of the Nepal International Trade Fair which aims to bring national and international traders on a single platform to market products and strengthen business ties is slated to begin on Thursday at Bhrikuti Mandap Exhibition Hall.

President Bidhya Devi Bhandari is scheduled to inaugurate the five-day fair which will host 350 domestic and foreign stalls, including 70 from India, 90 from China, 20 from Pakistan and five from Bangladesh.

A forum for technology transfer and exploring the possibility for joint investments in potential areas will also be held at the trade fair, said the Federation of Nep-alese Chambers of Commerce and Industry (FNCCI), the organizer.

The exhibition also aims to promote Nepal’s trade in the global arena and boost exportable goods, particularly those listed in the Nepal Trade Integration Strategy. Buyers from Japan, South Korea, Thailand and other countries will be attending the fair, the FNCCI said. The organizer said that China Exhibition and Forum and the Indian Chamber of Commerce will lead the participation of their respective countries at the fair. A 20-member business delegation from China’s Sichuan province will be arriving in Nepal to take part in the event.

FNCCI Vice-President Bhawani Rana underscored the need to construct infrastructure to hold such international expos. “If the government provides land, the private sector is ready to construct the appropriate infrastructure to host big international events in Nepal,” Rana said.

Ishwori Prasad Ghimire, executive director of the Trade and Exports Promotion Centre, said that the objective of the fair was to establish the Nepal International Trade Fair as an annual international event. “We have planned to make this fair more organized to deal with global trade.”

The FNCCI is branding this fair as a global trade event to create a forum for national and international traders to strengthen their trade and business ties.

Keshav Raj Pandey, chairman of the FNCCI’s Trade Fair Committee, said that the expo would help to identify and enhance Nepali products through a one-stop platform.